Italian Prime Minister and noted ladies man Silvio Berlusconi looked to be all smiles before his big speech on Italy's economy yesterday, The Daily Mail reports.

In the pictures below, Berlusconi is shown giggling with Michaela Biancofiore, a member of Parliament in Berlusconi's party. Biancofiore is a long-time Berlusconi supporter, and has said that Berlusconi "nurtured her politically."

Berlusconi had already been in hot water over new claims he held another of his infamous "bunga bunga" parties last week. As we've noted, all this behavior doesn't exactly make it look like Berlusconi is taking the Italian crisis seriously.